Jiangsu Yueda Investment Co.,Ltd. Posted 1.3 Million Yuan Net Loss in First Quarter of 2023

Jiangsu Yueda Investment Co.,Ltd. (江苏悦达投资股份有限公司) (600805.SH) reported a net loss of 1.3 million yuan in the first quarter of 2023, reversing a net profit of 72.7 million yuan for the same period in the previous year.

Meanwhile, the company posted 612.7 million yuan in revenue, down 28% year-on-year.

At the end of the reporting period, it had 7.6 billion yuan in total assets and 2.9 billion yuan in total liabilities, with a liability-to-asset ratio of 38%.